Islamabad, June 22; In an interactive session
on the topic of
Budgetary and Economic Reforms in Pakistan,
Senator Muhammad Ishaq Dar, Leader of the
Opposition in the Senate of Pakistan, shared with the
Youth Parliament Pakistan his analysis of the economy and
his reform proposals to improve Pakistan’s economy.
Senator Dar was addressing the third
day of the third session of Youth Parliament Pakistan that
is taking place in Islamabad, Pakistan.
Presenting his analysis of the
economy, Senator Dar criticized the PPP Government for
borrowing money from domestic and foreign sources without
a credible economic recovery plan of Pakistan. Pakistan
has the lowest domestic saving of 5.8% compared to the
30-40%of the western countries. 60 paisas out of 1 rupee
are being spent on debt-servicing which is simply not
sustainable, he added. Reducing deficit and moving towards
self-reliance are the only options for Pakistan’s economic
future, he added.
Senator Dar explained with
statistics that the Government of Pakistan had spent more
than Rs. 457 billion than the Parliament had allocated in
the previous budget. Such supplementary spending levels
are unacceptable and must be regulated, he added. He said
that Pakistan can become a self-sustaining country only if
it cuts down the unnecessary Government expenses. “I am
allergic to the word of “discretionary funds” and never
used any in my tenure as Finance Minister. No
discretionary funds should exist even for the Prime
Minister of Pakistan. Rs. 27 billion that have been kept
as discretionary funds for the Prime Minister in the
2012-2013 budget should instead be used to resolve the
issue of circular debt in energy sector, he advised.
In term of financial opportunities
for Pakistan, Senator Dar was of the opinion that Pakistan
can benefit from the implementation of the Agricultural
Tax by provinces which at the moment is very low and
should be efficiently planned and imposed.
Touching upon the energy crisis,
Senator Dar said that public outrage at energy deficiency
is not misplaced. He said that we must fix the energy mix
and return to 70% hydel and 30% non-hydel based energy
production. Had the Government planned efficiently, we
would not be facing the shortage of 7000 Mega Watts of
energy. It is regrettable, he said, that two provinces of
Pakistan have based their politics on dams against the
good of citizens.
Answering animated questions of
members of Youth Parliament, Senator Dar said that he is
encouraged to see that the youth of Pakistan is alive to
the economic challenges of Pakistan. Pakistan’s political
culture must change and every citizen musat offer himself
or herself for public service as a sacred duty. Pleased at
the interest and knowledge of members of Youth Parliament,
Senator Dar said that at nearly 45% of the population, it
is the youth of Pakistan that has to lead the country
forward.
The Youth Prime Minister
Mr. Hashim Azeem
(YP33-Punjab13), Youth opposition Leader
Mr. Fahad Mazhar
(YP15-KPK02), Youth Finance and Economic Affairs
Mr. Numair Farooq
(YP21-Punjab05) and Youth Shadow Minister of Finance and
Economic Affairs Mr.
Tabraiz Marri (YP58-Sindh10) presented Youth
Parliament Pakistan souvenir to Senator Muhammad Ishaq
Dar.
Youth Parliament Pakistan
is a
PILDAT initiative. It is patterned after the
National Assembly of Pakistan and its selected members, 60
in total, engage in Parliamentary business including
debate on important national issues, legislation, and
overseeing and scrutinising key national policies from the
youth’s perspective. PILDAT formed the first-ever
Youth Parliament Pakistan in the year 2007.
After the successful completion of the three Youth
Parliament terms in 2007, 2008 and 2009,
PILDAT has now launched the fourth Youth Parliament
Pakistan 2012. |